Outperformers Spotlight: Week Ending 6/24/22
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Outperformers Spotlight: Week Ending 6/24/22
Top Outperformers from Solve Advisors’ Bank Loan data.
Forest Products & Paper Industry – Dunn Paper Dunn Paper’s Term Loan outperformed the market by 6.68% relative to other issuers in the Forest Products & Paper industry last week after the company announced a restructuring agreement that may give ownership to a group of first-lien lenders, as debt maturity nears.
Real Estate Industry – Apollo Commercial Real Estate Apollo’s Commercial Real Estate Term Loan outperformed the market by 0.90% relative to other issuers in the Real Estate industry last week after providing $170 million in financing toward 60 Guilders’ acquisition of Vornado Realty Trust’s office property in Long Island City, Queens.
High-Tech Industries – Diebold Nixdorf Diebold Nixdorf’s Term Loan outperformed the market by 2.04% relative to other issuers in the High-Tech industries last week after FOREX, a market leader in foreign currency exchange services in the Nordic countries, announced it is outsourcing its entire ATM channel management to Diebold Nixdorf, as well as expanding its fleet of ATM solutions.
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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
